Cavendish Maxwell Appoints David McCormack as Capital Markets Director
Cavendish Maxwell has appointed David McCormack as its new Director of Capital Markets. The hiring is capable of making the consulting firm’s investment consulting team stronger as the firm plans to grow further in the capital market industry.
McCormack has around 25 years of experience in the real estate sector of which 18 years have been completed in the UAE. He has been involved in investment transactions, asset repositioning, and strategic consulting He also has established connections with investors, family offices, developers and asset owners.
His experience includes several major investment and asset management assignments. One of these was a US$247 million private credit transaction for a five-star hospitality project. He has also managed assets worth more than US$120 million for an African private equity fund and a US$100 million European private equity fund.
Other projects include raising US$30 million in last-mile development funding for a waterfront development. McCormack also oversaw a portfolio of more than 20,000 properties across the seven emirates for Deyaar. The portfolio was valued at over US$41.6 billion. His experience further includes advising on land acquisition and development for a five-star hospitality project in Zanzibar.
McCormack to Lead Capital Markets Growth
At Cavendish Maxwell, McCormack will be responsible for growing the Capital Markets business. His role will involve identifying investment opportunities and advising clients on acquisitions and disposals. He will also work on strategies to improve the value of real estate assets.
The appointment builds on the company's existing capital markets operations. Cavendish Maxwell plans to bring its transaction and investment advisory services closer together with its valuation, research and consulting expertise.
Nick Witty, Group Chief Executive Officer of Cavendish Maxwell, said McCormack's experience and industry relationships would support the company's next phase of growth. He also pointed to the firm's existing advisory capabilities as an important part of its capital markets offering.
McCormack said he looks forward to building on the company's existing relationships and developing new opportunities. He will also focus on helping clients with their investment strategies and real estate transactions.
Source : Rebecomms
